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Thursday, 10 May 2018

STOCK CASH CALL FOR 11 MAY 2018

BUY IOLCP ABOVE 108 TGT 112/116 SL 102

FREE STOCK CASH/NIFTY/FUTURE/OPTION TIPS FILL UP THE FORM
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Sensex
closed lower by 73 points, or 0.21%, to 35,246, while the Nifty fell 25 points,
or 0.23%, to close at 10,716.Sensex and Nifty
closed lower on Thursday as investors are cautious ahead of elections in the
state of Karnataka. Moreover, global stocks were mixed, with European shares
trading lower and US futures nudging upward. Eicher Motors Ltd shares rose 2%
to Rs30,750.Federal Bank
shares fell 10% to Rs93.Mahindra
Logistics shares were trading 3.13% up at Rs566.Indian Bank shares plunged 8.58% to Rs312.Welspun Enterprises Ltd shares surged 10.78% to
Rs170.

GLOBAL MARKET:

Most
Asian stocks edged higher on Thursday after a positive session on Wall Street,
while oil extended its climb past $71 a barrel, a level it breached for the
first time since 2014.

Investors remain focused on geopolitics this week, with
US markets extending gains in afternoon trading after North Korea’s good-will
gesture of releasing US citizens as captives. Still, markets remained bound in
a trading range, with uncertainties such as Middle East tensions and the
knock-on effects of higher Treasury yields and a stronger dollar.Topix index
was little changed. Kospi index climbed 0.4%. Hang Seng Index was up 0.7%. The
Shanghai Composite Index gained 0.2%. S&P 500 futures rose less than 0.1%.
S&P 500 closed up 1%.